A digital asset

investment fund

Viska is an alternative investment fund based in Iceland that invests in digital assets.

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Majority of Bitcoin's Supply Held by Long-Term Investors


A recent report from Glassnode reveals that 69% of the current Bitcoin supply is being held by long-term investors. This demonstrates a growing confidence in Bitcoin’s future potential and highlights a significant shift in the demographic of investors—toward institutions and professionals.

Report released by Glassnode and Coinbase, showing relatively steady levels of BTC are being held by ´´long-term´´ positioned holders.

The Investor Landscape Is Changing
Bitcoin is no longer as volatile as it once was. This stability, combined with the increasing involvement of firms and large players, underscores a maturing market for digital assets.

According to data from October of this year (via Forbes), Bitcoin volatility fell below three of the major tech stocks. This would include Tesla, AMD and NVDA.


Key Insight: Supply in Profit
According to the chart, 88% of Bitcoin’s supply is currently in profit. While many investors could realize gains now, the majority still choose to hold, expecting further upside potential. This trend reflects strong conviction among holders and emphasizes the strategic, long-term focus of today’s Bitcoin investors.

See the chart: The graph below illustrates the percentage of Bitcoin supply in profit year-to-date, providing a clear picture of the resilience and optimism within the market.

Chart provided from Newhedge displays roughly 88% of BTC holders are currently sitting on profit.


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Author
Guðlaugur Steinarr GíslasonCIO - Founding Partner